MUFG Announces $75 Million Financing for Sun Country Airlines

The USD 75 million senior secured revolving credit facility will act as liquidity support for general corporate purposes for Sun Country.

NEW YORK, April 14, 2025 /PRNewswire/ -- Mitsubishi UFJ Financial Group (MUFG), a global leader in financial services, is pleased to announce the closing of a USD 75 million senior secured revolving credit facility ("RCF") for Sun Country Airlines, Inc. ("Sun Country"). MUFG acted as Sole Structuring Agent and a Joint Lead Arranger with a USD 37.5 million commitment. Sumitomo Mitsui Banking Corporation, acting as the other Joint Lead Arranger, provided the additional USD 37.5 million commitment. The facility will replace Sun Country's existing USD 25 million RCF and is intended to provide additional liquidity for Sun Country to be used for general corporate purposes. The facility may be secured by a combination of aircraft, engines, spare parts, inventory, receivables, and cash.

"This new revolving credit facility provides Sun Country with enhanced financial flexibility to pursue new opportunities as they arise," said Dave Davis, President and Chief Financial Officer. "We continue to grow our unique and successful business model, and greatly appreciate the leadership and participation of MUFG, one of our key partners."

"We are excited to have closed this important transaction with Sun Country" says Benoist de Vimal, Head of Aviation Originations in the Americas at MUFG. "We appreciate Sun Country's trust in our bank and look forward to continuing to expand the relationship and supporting them with their needs in the future."

About MUFG and MUFG Americas
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world's leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,100 locations in more than 50 countries. MUFG has nearly 160,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to be "the world's most trusted financial group" through close collaboration among our operating companies and flexibly respond to all the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG's shares trade on the Tokyo, Nagoya, and New York stock exchanges.

MUFG's Americas operations, including its offices in the U.S., Latin America, and Canada, are primarily organized under MUFG Bank, Ltd. and subsidiaries, and are focused on Global Corporate and Investment Banking, Japanese Corporate Banking, and Global Markets. MUFG is one of the largest foreign banking organizations in the Americas. For locations, banking capabilities and services, career opportunities, and more, visit www.mufgamericas.com.

About Sun Country 
Sun Country Airlines is a new breed of hybrid low-cost air carrier, whose mission is to connect guests to their favorite people and places, to create lifelong memories and transformative experiences. Sun Country dynamically deploys shared resources across our synergistic scheduled service, charter, and cargo businesses. Based in Minnesota, we focus on serving leisure and visiting friends and relatives ("VFR") passengers and charter customers and providing cargo service to Amazon, with flights throughout the United States and to destinations in Mexico, Central America, Canada, and the Caribbean.

For photos, b-roll and additional company information, visit https://www.stories.suncountry.com/multimedia.

Sun Country contacts: [email protected] or Investor Relations at [email protected]

Media Contact:

Alicia Faugier

[email protected]

SOURCE MUFG Bank, Ltd.